So for the price of an island, you can also own an apartment in Manhattan. Damn! The recent sale marks the highest price in Manhattan’s real estate history. ”
With eight bedrooms, 10 bathrooms, formal and informal dining rooms and sweeping terraces, there is about 10,000 square feet of interior space — valued at about $5,250 per square foot, Miller said. The real estate taxes alone on the transaction came to nearly $1.5 million.” According to CNNmoney.com
The Startribune reports that Jeffrey Wirth went to court Friday and pleaded guilty to tax evasion. Sentencing is set for a later date. Here is an exerpt from the article:
“The 53-year-old Plymouth man was indicted in August 2011 along with his ex-wife, Holly Damiani, and tax preparer, Michael James Murry, for defrauding the Internal Revenue Service by failing to pay their true tax obligatioins.
As a result, Wirth underpaid his tax obligation by $2.5 million to $7 million. Part of his plea involves paying an unspecified amount of restitution to the IRS.
Last week, Damiani pleaded guilty to one count of filing a false federal individual income tax return. She awaits sentencing. Murry’s case is pending
It looks like one of the three defendants cut a deal in this case. It doesn’t look good for the remaining two defendants… Jeffrey Wirth and Michael Murry may also be looking to the prosecution for a deal soon. We will see what happens. See the store here.